Pantomath's India Inflection Opportunity Fund Closes With Rs 500 Crores Successfully Raised

With a successful raise of Rs 500 crores ( $60 Million), Pantomath Financial Services Group announced the closure of the maiden close-ended series of the India Inflection Opportunity Fund (IIOF). With a clear focus on value arbitrage, the Fund intends to harness the opportunity of investing, primarily at a pre-IPO stage in Indian growth stage businesses that are on the verge of a big bang breakout, the firm said in a statement. 

Launched in April 2022, this Category II Alternate Investment Fund (AIF) is managed by Pantomath Capital Management Private Limited. With this fundraiser, the group now has approximately Rs 2500 crores of total Funds under supervision. Besides AIF, the Group has PMS, a global advisory, and basket investing, suiting a diverse set of investors. Notably, all the investment products clock the highest level of returns consistently, it added.   

India Inflection Opportunity Fund has received investment participation from domestic sovereign Funds, global and domestic family offices, marquee anchor investors, and high net-worth investors.  

IIOF closure comes at a time when India's economic resilience and its attractiveness as an investment hub are causing a strong influx of IPOs, with a strong pipeline of over $9 billion expected in H2 2024. Compared to most of the other major economies, India stands out distinctly as one of the bright spots in the world today. Owing to the increased interest of investors in primary markets, there is renewed excitement and interest in picking quality pre-IPO businesses.  

Commenting on the fund closure, Madhu Lunawat, chief investment officer of India Inflection Opportunity Fund, said, “India Inflection Opportunity Fund is focused on under-researched family-owned businesses which are on a rapid-growth trajectory. We would like to focus on huge addressable market opportunities avoiding ventures with negative cash flows and bleeding balance sheets. Our Fund follows an active management approach wherein we provide growth capital as well as strategic support to promising businesses that are significantly making a difference to society and the environment.”  

The Fund has a distinguished investment strategy coupled with periodic payouts to investors, besides targeting healthy terminal returns. In terms of our coverage, speed, and execution capabilities, the Fund wants to make an impactful distinction in the Fund management arena. Deloitte is the statutory auditor of the Fund. 

The Fund aims to invest in diverse opportunities, aligned with India’s rising economy, in three broad themes: (a) Make in India; (b) Rural Consumption, and (c) Impact Investing.